Chou Associates Management Inc.

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Chou Associates Management Inc. reported 30 stock positions worth $207.7 million. Its top holding was Berkshire Hathaway Class A (BRK.A) at 31.2% of the portfolio, followed by Alphabet Class C (GOOG, 9.7%) and Sirius XM (SIRI, 7.9%). Compared with Q2 2025, it added to 1. The biggest buy was Stellantis (STLA, shares +101%).

Most Recent 13F
Q2 2026
Location
TORONTO, A6
CIK
0001389403
Portfolio Value
$207.7M (Q3 2025)
SEC Filing
0001104659-25-112218 ↗ filed Nov 14, 2025

Holdings Value

0$50.0M$100.0M$150.0M$200.0M$250.0M Q1 2024: $85.8M Q1 2024 Q2 2024: $138.5M Q2 2024 Q3 2024: $155.0M Q3 2024 Q4 2024: $143.5M Q4 2024 Q1 2025: $181.9M Q1 2025 Q2 2025: $182.8M Q2 2025 Q3 2025: $207.7M $207.7M Q3 2025 Q4 2025: $201.5M Q4 2025 Q1 2026: $207.8M Q1 2026 Q2 2026: $216.6M Q2 2026

Holdings 30 stocks · $207.7M
BRK.A Berkshire Hathaway Inc. Class A 31.22% 86 $64.9M No change
GOOG Alphabet Inc. Class C 9.66% 82,390 $20.1M No change
SIRI Sirius XM Holdings Inc. 7.87% 702,462 $16.3M No change
SYF Synchrony Financial 7.38% 215,702 $15.3M No change
OXY Occidental Petroleum Corp. 7.12% 313,000 $14.8M No change
STLA Stellantis NV 6.27% 1,394,194 $13.0M Add +101.5%
AAPL Apple Inc. 5.39% 44,000 $11.2M No change
ALLY Ally Financial Inc. 4.26% 225,525 $8.8M No change
BABA Alibaba Group Holding-SP ADR 3.60% 41,900 $7.5M No change
C Citigroup Inc. 2.82% 57,695 $5.9M No change
WFC Wells Fargo & Co. 2.40% 59,542 $5.0M No change
POOL Pool Corp. 1.59% 10,636 $3.3M No change
GM General Motors Co. 1.53% 52,000 $3.2M No change
MCO Moody's Corp. 1.35% 5,899 $2.8M No change
PYPL PayPal Holdings Inc. 1.32% 41,000 $2.7M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.24% 50,000 $2.6M No change
MBI Mbia Inc. 1.15% 321,000 $2.4M No change
CASH Pathward Financial Inc. 0.98% 27,389 $2.0M No change
CYD China Yuchai Intl Ltd. 0.47% 23,364 $967K No change
AGO Assured Guaranty Ltd. 0.45% 10,990 $930K No change
MEOH Methanex Corp. 0.38% 20,000 $795K No change
JEF Jefferies Financial Group Inc. 0.35% 10,987 $719K No change
LPX Louisiana-Pacific Corp. 0.25% 5,886 $523K No change
MGA Magna International Inc. 0.23% 10,000 $474K No change
IMO Imperial Oil Ltd. 0.22% 5,000 $453K No change
LEA Lear Corp. 0.19% 4,000 $402K No change
RYAAY Ryanair Holdings PLC-SP ADR 0.17% 5,937 $358K No change
SNREY Sunrise Communicat Class A 0.07% 2,400 $141K No change
CACC Credit Acceptance Corp. 0.06% 262 $122K No change
VTS Vitesse Energy Inc. 0.01% 1,293 $30K No change
Other holdings (1): bonds, preferreds, convertibles and warrants · $4K (not counted above)
SecurityClassShares / PrincipalValueChange
HTZWW Hertz Global Hldgs Inc. -CW51 *W EXP 06/30/205 · principal 1,000$4KNo change

Total filed on the 13F, all lines: $207.7M.

Portfolio Sells Q2 2025 → Q3 2025
None this quarter.

Portfolio Buys Q2 2025 → Q3 2025
STLA Stellantis NV Add +101.5% 6.27% +2.47

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 31$216.6MBRK.A, GOOG, SYF, OXY, SIRI
Q1 2026 30$207.8MBRK.A, GOOG, OXY, SYF, AAPL
Q4 2025 27$201.5MBRK.A, GOOG, SYF, STLA, OXY
Q3 2025 30$207.7MBRK.A, GOOG, SIRI, SYF, OXY
Q2 2025 30$182.8MBRK.A, SIRI, GOOG, SYF, OXY
Q1 2025 31$181.9MBRK.A, SIRI, STLA, GOOG, SYF
Q4 2024 29$143.5MBRK.A, GOOG, SYF, AAPL, ALLY
Q3 2024 30$155.0MBRK.A, GOOG, OXY, AAPL, SYF
Q2 2024 29$138.5MBRK.A, GOOG, AAPL, SYF, STLA
Q1 2024 17$85.8MBRK.A, BHC, ALLY, SYF, C